Convert Cayman Islands Dollar to Moldovan Leu
Please provide values below to convert Cayman Islands Dollar [KYD] to Moldovan Leu [MDL], or Convert Moldovan Leu to Cayman Islands Dollar.
How to Convert Cayman Islands Dollar to Moldovan Leu
1 KYD = 0.0491665929138272 MDL
Example: convert 15 KYD to MDL:
15 KYD = 15 × 0.0491665929138272 MDL = 0.737498893707408 MDL
Cayman Islands Dollar to Moldovan Leu Conversion Table
| Cayman Islands Dollar | Moldovan Leu |
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Cayman Islands Dollar
The Cayman Islands Dollar (KYD) is the official currency of the Cayman Islands, used for all monetary transactions within the territory.
History/Origin
Introduced in 1972, the Cayman Islands Dollar replaced the Jamaican dollar at par, establishing a stable local currency for the financial sector and tourism industry.
Current Use
The KYD is widely used in the Cayman Islands for everyday transactions, banking, and international trade, and is pegged to the US dollar at a fixed rate of 1 KYD = 1.20 USD.
Moldovan Leu
The Moldovan Leu (MDL) is the official currency of Moldova, used for all monetary transactions within the country.
History/Origin
The Moldovan Leu was introduced in 1993, replacing the Soviet ruble, following Moldova's independence. It has undergone various redenominations and reforms to stabilize the economy.
Current Use
The Moldovan Leu is actively used as the national currency for everyday transactions, banking, and trade in Moldova. It is issued and regulated by the National Bank of Moldova.